A deferred-gift annuity is similar to a charitable gift annuity, except that the payments are deferred to a future date. In addition, the donor obtains a substantial charitable-income tax deduction in the year the gift is made. A donor may defer payments to years when income is needed more, such as in retirement. A deferred gift annuity is an excellent way to make a gift and receive a charitable-income tax deduction while providing income for the future.

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